Agriculture

Gabon Minister invites investments from Indian industry

The Minister invited India Inc. to invest in Gabon heavily in the areas of agriculture, tourism, infrastructure, minerals, e-commerce and host of other such areas

Gabon Minister invites investments from Indian industry

Minister of Foreign Affairs of Gabon, Pacome Moubelet-Boubeya invited India Inc. to invest in his country heavily in areas of agriculture, tourism, infrastructure, minerals, e-commerce and host of other such areas. 

Addressing a session with members of PHD Chamber of Commerce and Industry with a High Level Business Delegation from Gabon, the Minister emphasised that the Government of Gabon is creating Special Economic Zones to attract investors especially foreign to undertake their business expansion in which Gabon would be incentivising the prospective investors with free exit policies.

“It’s a small country in which ease of doing business is of significant space, the economy of which has been growing at an average rate of 5.5 percent and offers huge opportunities for investors to conduct their businesses and become part of Africa and its bounties especially those of central African countries”, said Boubeya.

“I have come to visit India and explore possibilities of investments in host of areas with the help of Indian businessmen who are already present in my country following invitation from Indian External Affairs Minister, Sushma Swaraj and the trip is going to prove quite fruitful”, the Minister further added.

Ambassador of Gabon in India, Desire Koumba stressed on the occasion that Gabon and India were having economic cooperation for the last 20 years. The scope of which expansion is unique and both the sides should strive to realise it to its full potential, given the good diplomatic relations that both India and Gabon enjoy.

Among others who spoke on the occasion comprised First Counsellor, Josephine Patricia Ntyam Ehya; Counsellor, Serge Thierry Mandoukou Ombegue; Economic Counsellor, Remy Ndjokounda, Embassy of Gabon including Chairman, International Affairs Committee for Africa & Middle East, PHD Chamber, Ranjeet Chaturvedi and its Secretary General, Saurabh Sanyal.

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